Monday, July 16, 2018

UBI - Insanity In Chicago

Some in Chicago want to institute a "universal basic income" in the city. You can read about it here:

https://theintercept.com/2018/07/16/chicago-universal-basic-income-ubi/

This is nuts. You know why?

The city has a debt of $63 billion:

https://www.illinoispolicy.org/chicagos-63-billion-debt-burden/

And the state of Illinois has a debt of over $148 billion:

http://www.usdebtclock.org/state-debt-clocks/state-of-illinois-debt-clock.html

So where in hell is this free money going to come from? Profits of the drug trade?

All this talk about UBI more or less illustrates the real mess we are in. Nobody has a workable solution, so now we're going the Venezuela route. Jeez Louise !!!

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